To Roll or not to Roll, That is the Central Bank’s Question

Yesterday I was dismissive of the recall of Hong Kong’s gold as significant, but it is another bit of evidence of a shift in central bank attitudes towards gold. Far more significant indicators include (see this MineWeb article):

* China’s announcement that it had moved 454 tonnes of gold into its reserves since 2003 . . . → Read More: To Roll or not to Roll, That is the Central Bank’s Question

Silver Trending Towards Backwardation Again

The silver backwardation has been on-again off-again throughout 2009 and this portends gigantic problems for the worldwide monetary system.  Backwardation is a situation where the fiat currency price of a commodity is pregnant with a premium the buyer is willing to pay for immediate delivery.  The price of a commodity for future deliver is lower . . . → Read More: Silver Trending Towards Backwardation Again

US Consumer Sentiment Continues To Improve

U.S. consumer sentiments since last month indicate a slight upward trend toward greater confidence in the country’s economy. Courtney Schlisserman reports in the Bloomberg Press that projections by Reuters/University of Michigan on “Americans’ perceptions of their financial situation and whether it is a good time to buy big-ticket items like cars and . . . → Read More: US Consumer Sentiment Continues To Improve